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(Incorporated in Bermuda with limited liability)
(Stock Code: 262)
DISCLOSEABLE TRANSACTION
DISPOSAL OF PROPERTY

On 27 November 2007, the Vendor entered into the Provisional Agreement with the Purchaser
pursuant to which the Company agreed to sell its interest in the Property to the Purchaser for a total
consideration of HK$27,178,800.
To the best of the Directors’ knowledge, information and belief having made all reasonable
enquiry, the Purchaser and its beneficial owners are third parties independent of the Company and
connected persons of the Company.
As the applicable percentage ratio for the Disposal calculated pursuant to Rule 14.07(4) exceeds
5% but is less than 25%, the Disposal constitutes a discloseable transaction for the Company under
Chapter 14 of the Listing Rules. A circular containing, among other matters, details of the Disposal
will be dispatched to Shareholders as soon as practicable.
THE PROVISIONAL AGREEMENT

1. Date
27 November 2007
2. The Parties
(1) The Vendor, an indirectly wholly owned subsidiary of the Company
(2) The Purchaser
(3) Midland Realty (Comm.) Ltd , the agent

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3. The Property to be disposed of
The Vendor has pursuant to the Provisional Agreement agreed to sell the Property to the Purchaser.
The Property is for office use and is located at 13th and 14th Floor, Max Share Centre, No. 373,
King’s Road, Hong Kong. The Property is subject to an existing tenancy which expires on 30
September 2009.
4. Consideration
The total consideration for the Property shall be HK$27,178,800, payable by the Purchaser to the
Vendor in the following manner:
(a) HK$1,000,000 as initial deposit, which was paid upon the signing of the Provisional Agreement;
(b) HK$1,717,880 as further deposit to be paid on or before 12 December 2007; and
(c) the balance of the consideration in the sum of HK$24,460,920 to be paid on or before 28 March
2008.

Under the Provisional Agreement, the Vendor and the Purchaser have agreed to pay HK$240,000
and HK$271,788, respectively to the agent as commission for the services rendered by the agent.
The consideration was arrived at after arm’s length negotiations with reference to the current
commercial property market.
5. Completion
Under the Provisional Agreement, the formal sale and purchase agreement in respect of the Property
is to be signed on or before 12 December 2007 and completion of the sale and purchase of the
property is to take place on or before 28 March 2008.
INFORMATION ON THE GROUP AND THE PURCHASER

The Group is principally engaged in (i) the construction business, as a main contractor, as well as the
provision of contracting intelligent building engineering and electrical and mechanical engineering
services, mainly in Hong Kong and the PRC; and (ii) the property development and investment business.
To the best of the Directors’ knowledge, the Purchaser is a newly incorporated investment holding
company and is principally engaged in property investment.

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To the best of the Directors’ knowledge, information and belief having made all reasonable enquiry, the
Purchaser and its beneficial owners are third parties independent of the Company and connected persons
of the Company.
REASONS FOR AND BENEFITS OF THE DISPOSAL

The Property was used as the office of the Group until 2001 and had since been held as a long term asset
for sale. From 2002, the Property was temporarily rented out for rental income. Based on Hong Kong
Accounting Standards, the net profit before tax attributable to the Property for the years ended 31 March
2006 and 2007 was HK$510,000 and HK$660,000, respectively and the net profit after tax attributable to
the Property for the same period was HK$420,000 and HK$544,500, respectively. However, the Board
is of the view that the consideration offered by the Purchaser which would result in an estimated gain
before tax of approximately HK$12,300,000, after expenses, to the Group as compared to the book value
of the Property as at 30 September 2007 of approximately HK$14,500,000 is attractive. The Board
considers that the Disposal provides an opportunity for the Group to realize the Property and provide
additional working capital for the Group.
The proceeds from the Disposal will be applied as general working capital.
The Directors are of the view that the disposal will not affect the Group’s existing principal business and
the Group will continue to be involved in the property development and investment business.
The Directors (including the independent non-executive Directors) consider the terms of the Agreement
and the Disposal contemplated therein are on normal commercial terms and are fair and reasonable and in
the interests of the Shareholders as a whole.
LISTING RULES IMPLICATIONS

As the applicable percentage ratio for the Disposal calculated pursuant to Rule 14.07(4) exceeds 5% but
is less than 25%, the Disposal constitutes a discloseable transaction for the Company under Chapter 14 of
the Listing Rules. A circular containing, among other matters, details of the Disposal will be dispatched
to Shareholders as soon as practicable.
DEFINITIONS

“Board” the board of Directors
“Company” Deson Development International Holdings Limited, an exempted
company incorporated in Bermuda with limited liability and the
shares of which are listed on the main board of the Stock Exchange

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“Completion” the completion of the sale and purchase of the Property which is
expected to take place on or before 28 March 2008
“connected person” has the meaning ascribed to it under the Listing Rules
“Directors” the directors of the Company
“Disposal” the disposal of the Property by the Vendor to the Purchaser pursuant
to the terms of the Provisional Agreement
“Group” the Company and its subsidiaries
“Hong Kong” the Hong Kong Special Administrative Region of the People’s
Republic of China
“HK$” Hong Kong dollars, the lawful currency in Hong Kong
“Listing Rules” the Rules Governing the Listing of Securities on the Stock Exchange
“Property” the commercial property situated at 13th and 14th Floor, Max Share
Centre, No. 373 King’s Road, Hong Kong
“Provisional Agreement” the provisional agreement dated 27 November 2007 entered into
between the Vendor, the Purchaser and the agent in relation to the
sale and purchase of the Property
“Purchaser” Asian Time Investment Limited, a company incorporated in Hong
Kong
“Shareholders” the shareholders of the Company
“Stock Exchange” Wang Ke Duan, Mr. Tjia Boen Sien,
Mr. Wang Jing Ning, Mr. Keung Kwok Cheung and Mr. Ong Chi King and the independent non-executive
Directors are Dr. Ho Chung Tai, Raymond, Mr. Siu Man Po and Mr. Wong Shing Kay, Oliver.
for identification purposes only.